LK - Luckin's Fraud And Chinese Stocks: Invest Carefully

Introduction

I'll admit it from the start: I was a shareholder of Luckin Coffee (LK). Was, because I sold my shares from the moment the news of the fraud was announced. It was just a tiny position in my portfolio. I sometimes buy a few shares of a company to track it, so I had bought 5 shares of Luckin. On April 1, as some sort of bad prank, the company revealed that the COO and employees reporting to him made up sales. With just 5 shares, I won't cry for my losses,

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